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Mineral Mountain Update - Phase 2 To Start 4,000 Meters of Directional Drilling and Down Hole BHEM Designed To Target Deep High Grade Gold Mineralization At Standby Mine On Homestake Mine Gold Trend
VANCOUVER, Oct. 16, 2018 /CNW/ - Mineral Mountain Resources Ltd. (MMV-TSX.V) and its subsidiary Mineral Mountain Resources (SD) Inc. ("OTCQX: MNRLF") are please
About this update from Badlands Resources Inc
[{"type":"text","content":"VANCOUVER, Oct. 16, 2018 /CNW/ - Mineral Mountain Resources Ltd. (MMV-TSX.V) and its subsidiary Mineral Mountain Resources (SD) Inc. (\"OTCQX: MNRLF\") are pleased to provide the following update. Regional Black Hills Exploration The Keystone and Rochford Gold Districts, Black Hills, South Dakota were heavily prospected for gold in the late 19th and early 20th centuries, with more recent drilling conducted by various companies between 1967-96, but very little work was performed after 1997. Despite similarities to the +40M oz. Homestake Gold Mine, located 70 and 25 kilometers to the north of each district, in terms of the iron formation host rock composition, lithologic succession, structural style, metamorphic grade, and gold-related alteration and mineralization, both the Keystone and Rochford Gold Districts have remained comparatively largely under-explored by drilling, especially below 200 meters of depth. With the completion of Phase 1 at Standby in September 2018, Mineral Mountain has expended over $10 million US, since 2012, exploring for the next Homestake-type Gold Ore Ledge. Beginning in 2013, Mineral Mountain Resources (MMV) began consolidating the Homestake gold belt through claim staking, optioning to purchase some strategic claim parcels, and optioning patented private land (including the Standby Mine Properties). Comprehensive compilation in GIS and 3D (Leapfrog) of acquired historic drilling data, rock and surficial geochemical sample data, and geologic mapping, as well as geophysical data from a District-wide, closely-spaced HELITEM-Mag survey flown for MMV, this has enabled construction of a district-wide digital database to guide exploration. MMV's initial compilation and targeting defined three, multi-kilometer, long gold-anomalous trends characterized by structurally thickened iron formation, late shear structures and alteration (comprising quartz-veining and quartz-flooding with hydrothermal chlorite as vein selvages and replacement, abundant arsenopyrite, introduced and remobilized pyrrhotite, and up to multiple grams per tonne anomalous gold intervals). The Standby Target The Standby Target, comprising the Millsite Syncline and the subsidiary Standby Syncline along the northern portion of the Standby-Bloody Gulch-Lookout Trend, is of sufficient scale (multi-kilometer plunge length of structurally thickened...